Melissa H.
Yelp
So disappointed. After numerous emails, Nisolo finally responded regarding the five for five program:
Nisolo 5 for 5 Program Notice
As you may have been informed, the last year for Nisolo and similar consumer brands has been extremely difficult given major shifts in the macroeconomy and the significant reduction of capital deployment into the retail industry.
Under very challenging circumstances, Nisolo leadership pursued all possible solutions to strengthen the company's financial position (including the painful delay of issuing Five for Five codes). While the business was tracking toward a full turnaround well into the spring of 2024, after that point, a number of unexpected operational and supply chain shocks occurred that weakened Nisolo's trajectory.
After attempts to raise minority equity capital were unsuccessful, leadership sought to sell a majority share of the company in order to at least ensure that liabilities and commitments (including the Five for Five Program) could be upheld. However, industry wide performance of similar E-Commerce brands continued to decline through the holiday season of 2024, and Nisolo was further negatively impacted.
As 2025 arrived and a majority-share acquirer willing to assume all liabilities had not yet been established, Nisolo's senior lender exercised their rights to foreclose on the company's assets, pursuant to UCC Article 9. Therefore, following nearly 8 years of successfully fulfilling Five for Five products and serving its members, the Five for Five Program has unfortunately been forced to an abrupt end. And, the former company, Nisolo LLC, is now no longer in operation.
As far as what the future holds for the Nisolo brand, assets were recently sold by the senior lender to a new group of committed, values-aligned retail veterans who believe in the mission of Nisolo and will carry the brand forward.
If you would like to hear updates and more regarding Nisolo from this point on, you can opt-in to further communication from the new owners of the brand using this link:
https://forms.gle/VQ9C9qy4BgzttUeH9